OVER 70 GLOBAL CRYPTO EXCHANGES APPLY TO ENTER PAKISTAN

Following the 5 September deadline, PVARA Chairman Bilal bin Saqib confirmed around 70 major global exchanges applied to operate legally.

What regulators are rolling out next:
Remittances: PVARA and the State Bank of Pakistan are building a stablecoin rail to cut fees from 6.3% to 1%.
Tokenisation: Exploring tokenised government debt and Roshan Digital Accounts.
Islamic Finance: Setting up a national Shariah advisory board with the Mufti-e-Azam.

Pakistan has an estimated 40 million crypto users, but the hurdle remains strict FATF checks and sandbox trials.

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